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Hawaii in Top 5 of the 50 States for Debt Burden to Taxpayers

Watchdog.org

By Malia Zimmerman

September 2, 2014

HONOLULU — A report by a fiscal watchdog deems Hawaii one of the worst “sinkhole” states for its growing debt burden to taxpayers.

Chicago-based Truth in Accounting reviewed the finances of every state, focusing on unfunded liabilities such as pension and health care obligations to current and retired public-sector workers, for its annual “State of the States” report.

Only Massachusetts, New Jersey, Illinois and Connecticut are in worse fiscal condition than Hawaii.

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